EUR/USD Daily Forecast - 01 February

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Wednesday, Jan 31 2018

EUR/USD Daily Forecast - 01 February

Euro was pushed initially higher in the course of the yesterday's session going all the way to 1.2470 area where it found some amount of resistance, and after FOMC interest rate decision pulled back by the to a daily closing around 1.24 handle. As for tomorrow, we would pay attention to US figures. Any type of supportive candles around 1.2350 and 1.2330 area would be short-term buying signal, while resistive candles above 1.2450 and 1.2480 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair. We expect plenty of support around 1.15 handle, and with next major resistive point at 1.25 handle.

More in this category: « GBP/USD Daily Forecast - 01 February AUD/USD Daily Forecast - 02 February »

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